16 posts
Mortgages in terms of years of working life

Buying a house is often confusing and complex, compounded by a dollar sign followed by too many commas and zeros. So John Nelson broke it down to something more simple. How many annual salaries would it take to buy a house? He applied it to his own family situation and then expanded it to the country on a county level. Of course that’s not how mortgages actually work. It’s much...

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An analysis of mortgage loans from Fannie Mae and Freddie Mac

Under the directive of the Federal Housing Finance Agency, started to release detailed loan-level data in 2013. Todd W. Schneider looked at the data recently, evaluating default rates — the proportion of loans that fell into deliquency — with a bit of geography. California, Nevada, New Mexico, and Florida were in particularly bad shape during the 2005 through 2007 bubble. Some counties had more than 40 percent of loans default....

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